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Conglomerates

Hello, Goodbye: Maria Grazia Chiuri’s Next Chapter

If there was ‘beautiful confusion’ in the mix of cruise and couture the powerhouse designer paraded in Rome on Tuesday night, the standing ovation at the end of the show left little doubt she was saying goodbye to Dior after a transformational near-decade tenure and hello to her next act, resurrecting the storied Teatro della Cometa.

Hello, Goodbye: Maria Grazia Chiuri’s Next Chapter

If there was ‘beautiful confusion’ in the mix of cruise and couture the powerhouse designer paraded in Rome on Tuesday night, the standing ovation at the end of the show left little doubt she was saying goodbye to Dior after a transformational near-decade tenure and hello to her next act, resurrecting the storied Teatro della Cometa.


Trump Tariffs Hit European Luxury, Shares Tank

LVMH and Hermès stock fell about 3 percent and 4 percent respectively, in line with sector peers including Kering, Prada and Burberry, after the US president announced a 50 percent duty on imports from the European Union.

Trump Tariffs Hit European Luxury, Shares Tank

LVMH and Hermès stock fell about 3 percent and 4 percent respectively, in line with sector peers including Kering, Prada and Burberry, after the US president announced a 50 percent duty on imports from the European Union.


The Logic Behind Balenciaga’s Pierpaolo Piccioli Appointment

Kering has named the former Valentino designer known for his deft use of colour and sculptural couture to succeed Demna in an apparent reset at the Paris-based brand.

The Logic Behind Balenciaga’s Pierpaolo Piccioli Appointment

Kering has named the former Valentino designer known for his deft use of colour and sculptural couture to succeed Demna in an apparent reset at the Paris-based brand.


Richemont Sales Jump on Strong Demand for Cartier

Sales in the Swiss group’s all-important jewellery unit soared 11% in the most recent quarter, making Richemont more resilient than rivals like LVMH in a challenging market for luxury goods.

Richemont Sales Jump on Strong Demand for Cartier

Sales in the Swiss group’s all-important jewellery unit soared 11% in the most recent quarter, making Richemont more resilient than rivals like LVMH in a challenging market for luxury goods.


Balenciaga Names Nathalie Raynaud Deputy CEO

The Kering-owned fashion house is promoting its chief product officer as it prepares to open a new chapter under a new designer.

Balenciaga Names Nathalie Raynaud Deputy CEO

The Kering-owned fashion house is promoting its chief product officer as it prepares to open a new chapter under a new designer.


Alexandre Arnault’s Moët Hennessy Test

The former Tiffany executive and son of Bernard Arnault has been handed a daunting task: reviving LVMH’s famed Moet Hennessy drinks business in the midst of a tariff war.

Alexandre Arnault’s Moët Hennessy Test

The former Tiffany executive and son of Bernard Arnault has been handed a daunting task: reviving LVMH’s famed Moet Hennessy drinks business in the midst of a tariff war.


Francois Pinault’s Wealth Slides as Heir Fails to Revive Gucci

The 88-year-old founder of Kering SA has seen his net worth drop by 29 percent to $18.6 billion since August 2021.

Francois Pinault’s Wealth Slides as Heir Fails to Revive Gucci

The 88-year-old founder of Kering SA has seen his net worth drop by 29 percent to $18.6 billion since August 2021.


Kering’s Woes Deepen as Gucci Sales Tumble 25%

Group revenues fell 14 percent in the first quarter as Saint Laurent and Balenciaga also suffered from the downturn in luxury demand.

Kering’s Woes Deepen as Gucci Sales Tumble 25%

Group revenues fell 14 percent in the first quarter as Saint Laurent and Balenciaga also suffered from the downturn in luxury demand.


Hermès Heir ‘Strongly Contests’ Lawsuit Over $16 Billion Fortune

Honor America Capital LLC accused Nicolas Puech, a fifth-generation descendant of the Hermès founder, of failing to deliver Hermès International SCA shares worth $16 billion as part of a sale agreement. Puech’s lawyer stated his client wasn’t involved in the deal.

Hermès Heir ‘Strongly Contests’ Lawsuit Over $16 Billion Fortune

Honor America Capital LLC accused Nicolas Puech, a fifth-generation descendant of the Hermès founder, of failing to deliver Hermès International SCA shares worth $16 billion as part of a sale agreement. Puech’s lawyer stated his client wasn’t involved in the deal.


Jonathan Anderson’s Dior Debut Is Slated for June

The former Loewe designer was confirmed as artistic director for men’s collections in a brief statement by LVMH chairman Bernard Arnault that left plenty of questions unanswered.

Jonathan Anderson’s Dior Debut Is Slated for June

The former Loewe designer was confirmed as artistic director for men’s collections in a brief statement by LVMH chairman Bernard Arnault that left plenty of questions unanswered.


Hermès Market Value Surpasses LVMH, Which Once Tried to Buy It

Hermès’ market capitalisation reached €243.65 billion on Tuesday, briefly surpassing that of LVMH and making it the most valuable company on France’s benchmark CAC40 index.

Hermès Market Value Surpasses LVMH, Which Once Tried to Buy It

Hermès’ market capitalisation reached €243.65 billion on Tuesday, briefly surpassing that of LVMH and making it the most valuable company on France’s benchmark CAC40 index.


LVMH Sales Miss Expectations

First-quarter fashion and leather goods sales fell 5 percent for the luxury giant, whose brands include Louis Vuitton and Dior.

LVMH Sales Miss Expectations

First-quarter fashion and leather goods sales fell 5 percent for the luxury giant, whose brands include Louis Vuitton and Dior.